Guides

What is the Impact of Global Conflicts on Currencies and Your Remittances

In light of growing troubles in the Middle East between Israel, Palestine, and their neighbors, along with the ongoing tiffs between Russia and Ukraine, the currency market is feeling uneasy. If you're someone sending money home, the ev...

What is Devaluation and Why Does it Matter for Remittances?

TL;DR:

• Devaluation deliberately lowers a nation's currency value, often affecting trade balance.
• Examples include Argentina's 70% currency drop in 2001, the British pound's 14% fall in 1967, and the Russian ruble in 2022.
• Monitoring economic indicators and diversifying investments can mitigate personal risks. It would also increase the value of your transfer.

What is the Mid-Market Exchange Rate?

The mid-market exchange rate is the middle point set by how much people want to buy or sell a currency. Things like investments, the economy, world events, and what people think can change this rate. But when you send money, you might not get this exact rate because companies add their own fees. It's good to check and compare rates using tools like Sendrater. Also, think about when to send mone...

Understanding Fixed vs Flexible Exchange Rates: What You Need to Know

Do you know why your money's value changes across borders? It's all about exchange rates. While governments might fix them for stability, market forces can make them flexible, bringing both freedom and risks. But there's more – pegged rates, managed floats, devaluations and influences like politics and inflation pl...

Money Transfer: How Transparency Saves You Money

Navigating the maze of international money transfers? Hidden fees and unclear terms often turn what should be a simple process into a costly headache. Transparency can be your compass, guiding you to smarter, more cost-effective choices. Different receiving methods—be it cash pickup, mobile money, or direct bank deposit—each come with their own set of fees. Isn't it time you knew exactly where ...